Affirm files to go public Affirm, a consumer finance business founded by PayPal mafia member Max Levchin, filed to go public this afternoon. The company’s financial results show that Affirm, which doles out personalized loans on an installment basis to consumers at the point of sale, has an enticing combination of rapidly […]

Why are VCs launching SPACs? Amish Jani of FirstMark shares his firm’s rationale It’s happening slowly but surely. With every passing week, more venture firms are beginning to announce SPACs. The veritable blitz of SPACs formed by investor Chamath Palihapitiya notwithstanding, we’ve now seen a SPAC (or plans for a SPAC) revealed […]

Amid a boom in SPACs, few women investors If you’ve been following the SPAC boom, you may have noticed something about these blank-check vehicles that are springing up left and right in order to take public privately held companies. They are being organized mostly by men. It’s not surprising, given the relative […]

Can’t stop won’t stop: Social Capital Hedosophia just filed for its fourth SPAC, says new report According to a new report in Bloomberg, Social Capital Hedosophia has filed plans confidentially with the SEC to raise $500 million for its newest blank-check company. It will be the fourth special purpose acquisition company, or […]

JFrog and Snowflake’s aggressive IPO pricing point to strong demand for cloud shares After raising their IPO price ranges, both JFrog and Snowflake priced above their refreshed intervals last night. At their final IPO prices, the two debuts are aggressively valued, showing continued optimism amongst public investors that cloud shares are an […]

Opendoor to go public by way of Chamath Palihapitiya SPAC Today, Social Capital Hedosophia II, the blank-check company associated with investor Chamath Palihapitiya, announced that it will merge with Opendoor, taking the private real estate startup public in the process. The transaction comes during a wave of market interest in special purpose […]

DCM has already made nearly billion off its million bet on Bill.com David Chao, the cofounder of the cross-border venture firm DCM, speaks English, Japanese, and Mandarin. But he also knows how to talk to founders. It’s worth a lot. Consider that DCM should see more than $1 billion from the $26.4 […]

Snowflake’s IPO could value it as high as B, Salesforce and Berkshire to invest On the heels of new filings from both Sumo Logic and JFrog, Snowflake, a venture-backed unicorn looking to go public on the strength of its data-focused cloud service, set an initial price range for its IPO. The $75 […]

An IPO expert bats back at the narrative that traditional IPOs are for “morons” Lise Buyer has been advising startups on how to go public for the last 13 years through her consultancy, Class V Group. She built the business after working as an investment banker, and then as a director at […]